Asana vs Smartsheet
Both are project management companies. Here is what each has actually been doing lately, based on recent news coverage, and where their strategies meet.
Analysis · week of October 17, 2026
Asana has recently focused on integrating artificial intelligence into its platform and leadership. The company appointed new AI-savvy board members, sparking discussions about balancing innovation with control. Asana also shared technical details about its database architecture and scaling challenges. Despite beating Q2 earnings estimates, the company issued a weak outlook for the third quarter, partly due to AI-related pricing changes expected to pressure near-term revenue growth. Notably, Asana accelerated five years of engineering work in just two weeks using Codex AI, highlighting its commitment to AI-driven productivity improvements.
Smartsheet’s recent moves have centered more on financial and legal challenges than product innovation. The company raised new funding to support growth and appointed Josh Schauer as CFO to back its AI growth strategy. However, Smartsheet has faced multiple lawsuits, including a class action and investor suits related to stock buybacks and takeover talks. Additionally, the company is dealing with a legal deadline after its stock was delisted, creating uncertainty around its market position.
While both companies are embracing AI as part of their growth strategies, Asana is pushing forward with product innovation and leadership changes focused on AI integration. Smartsheet, meanwhile, appears preoccupied with legal and financial issues that may distract from its AI ambitions. Sales and product teams competing with either should watch Asana’s AI-driven enhancements closely, while monitoring Smartsheet’s ability to navigate its legal challenges and maintain investor confidence.
Asana
Asana is a work management platform for cross-functional teams.
- Asana announced a leadership overhaul with new AI-savvy board membersOct 11, 2026
- New AI-focused board members spark debate on innovation vs controlOct 10, 2026
- Asana detailed its database architecture and scaling tradeoffsAsana BlogOct 5, 2026
- Q2 earnings beat estimates despite weak third quarter outlookSep 3, 2026
- Asana shares fell on weak Q3 earnings guidanceSep 3, 2026
Smartsheet
Smartsheet is an enterprise work management platform built around spreadsheets.
- Smartsheet raised new funding with key investors backing growthOct 16, 2026
- Smartsheet stock faces legal deadline after delistingSep 30, 2026
- Class action lawsuit filed against SmartsheetSep 14, 2026
- Smartsheet sued over $50M stock buyback during takeover talksAug 7, 2026
- Smartsheet investor lawsuit filed amid legal disputesAug 6, 2026
Analysis is generated with AI from public news coverage and may contain errors. Always check the linked sources.